P h oenix ranked 8 th nationally for office investment activity since 2020, with 477 transactions. The market peaked in 2021, when 141 office sales closed, according to CommercialSearch’s newest report .

Key Takeaways

Since the start of the decade, 2021 and 2022 were the best years for office sales in most of the markets we compared for this ranking.

Manhattan, N.Y., remained the priciest office market since 2020, claiming the highest average sale price per square foot throughout five years.

Boston racked up the largest total dollar sales volume for office assets traded during that same time.

Dallas-Fort Worth had the highest number of office sales close during the five years we analyzed, as well as the largest amount of total office space traded during that same period.

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